FEMA: President Trump Approves Major Disaster Declaration for Wyoming
FEMA announced that federal emergency aid has been made available for the state of Wyoming to supplement state, tribal and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020 and continuing. Public Assistance Federal funding is available to the state, tribal and eligible local governments…
HUD: Housing Authorities and Tribes Given Additional Flexibility to Focus on Tenants During Pandemic
Waiver authority gives localities and Tribes control in dealing with COVID-19 in Communities The U.S. Department of Housing and Urban Development (HUD) today is granting Public Housing Authorities (PHA), Indian Tribes, and Tribally Designated Housing Entities (TDHEs) waiver authorities and ultimate flexibilities so agency staff can focus on assisting their tenants and properties during the…
CFPB: Guidance on Remittance Transfers During COVID-19 Pandemic
Today the Consumer Financial Protection Bureau (Bureau) took steps to ensure that consumers will be able to continue to send remittance transfers without disruption during the COVID-19 pandemic. The pandemic is having a significant impact on consumers’ finances, both here and around the world, and many consumers rely on remittance transfers to send money from…
FEMA: President Trump Approves Major Disaster Declaration for Idaho
FEMA announced that federal emergency aid has been made available for the state of Idaho to supplement state, tribal and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020 and continuing. Public Assistance federal funding is available to the state, tribal and eligible local governments…
FEMA: President Trump Approves Major Disaster Declaration for Alaska
FEMA announced that federal emergency aid has been made available for the state of Alaska to supplement state, tribal and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020 and continuing. Public Assistance federal funding is available to the state, tribal and eligible local governments…
Federal Reserve: Additional Actions Taken to Provide up to $2.3 Trillion in Loans to Support the Economy
The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic. “Our country’s highest priority must be to address…
Federal Bank Regulators Issue Interim Final Rule for Paycheck Protection Program
The federal bank regulatory agencies today announced an interim final rule to encourage lending to small businesses through the Small Business Administration’s Paycheck Protection Program, or PPP. The PPP was established by the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, and provides loans to small businesses so that they can keep their…
FEMA: President Trump Approves Major Disaster Declaration for Vermont
FEMA announced that federal emergency aid has been made available for the state of Vermont to supplement the state and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2019 and continuing. Public Assistance federal funding is available to the state and eligible local governments and…
FEMA: President Trump Approves Major Disaster Declaration for Minnesota
FEMA announced that federal emergency aid has been made available for the state of Minnesota to supplement state, tribal and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020, and continuing. Federal funding is available to state, tribal, eligible local governments and certain private nonprofit…
Revised Interagency Statement on Loan Modifications for Working with Customers Affected by the Coronavirus
The federal financial institution regulatory agencies (the agencies), in consultation with state financial regulators, issued a revised interagency statement encouraging financial institutions to work constructively with borrowers affected by COVID-19 and providing additional information regarding loan modifications. The revised statement also provides the agencies’ views on consumer protection considerations. The revised statement clarifies the interaction…